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09/07/2019 01:13pm

MSME Ministry has plans to come up with e-commerce portal for MSMEs

image MSME Ministry has plans to come up with e-commerce portal for MSMEs

New Delhi, July 8 (KNN) Central Government is aiming to create an e-commerce website to sell products from the MSME and Khadi sector.

Last week the Union Micro, Small and Medium Enterprises Nitin Gadkari had said that this is being done in order to increase the contribution of these sectors to the Indian Economy as micro, small and medium enterprises contribute to 29% of the country’s GDP.

MSME ministry’s new e-commerce portal will be in line with China’s Alibaba and America’s Amazon.com. This new platform will not only connect the traders directly with the customers but will also increase their market value, its contribution to GDP as well as employment.

The Union Minister had said that “Amazon in the US and Alibaba in China did a world of good to their MSME sector. On those lines, for MSME and Khadi Gramudyog, we are going to launch a big marketing site”.

India’s MSME sector is a huge stakeholder in the country’s economy and has generated jobs for millions of people but they only lack in the capability of marketing their products so that it could reach to new customers.

Government plans to curb this issue with the help of the website which will increase the sales and meet the target of making the MSME sector reach 50% of Indian GDP in the next five years.

Moreover, this step is expected to increase the employment rate by bringing a lot of job opportunities as well as attracting more people to start their businesses to sell on the site. The estimate of employment through this step is 15 crore jobs.

“Targets should be big. Our target is that in the next five years, we will contribute 50% to India’s gross domestic product (GDP), and we will give employment to 5 crore people,” Gadkari said.

Gadkari also said that he has fulfilled all his promises and he will happily welcome all the criticism if he fails in this plan but till now he has achieved all that he said just like making roads. (KNN/LM)

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